Camelot Portfolios LLC Sells 1,462 Shares of Eversource Energy (NYSE:ES)

Camelot Portfolios LLC cut its stake in Eversource Energy (NYSE:ES) by 8.2% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,307 shares of the utilities provider’s stock after selling 1,462 shares during the period. Eversource Energy makes up approximately 1.0% of Camelot Portfolios LLC’s holdings, making the stock its 29th biggest position. Camelot Portfolios LLC’s holdings in Eversource Energy were worth $937,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Blue Trust Inc. raised its position in shares of Eversource Energy by 135.2% during the third quarter. Blue Trust Inc. now owns 2,347 shares of the utilities provider’s stock valued at $160,000 after buying an additional 1,349 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of Eversource Energy by 0.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 110,739 shares of the utilities provider’s stock worth $7,536,000 after acquiring an additional 512 shares during the period. Signaturefd LLC grew its holdings in shares of Eversource Energy by 1.8% during the 3rd quarter. Signaturefd LLC now owns 11,930 shares of the utilities provider’s stock worth $812,000 after purchasing an additional 206 shares in the last quarter. Greenleaf Trust increased its position in shares of Eversource Energy by 16.8% during the third quarter. Greenleaf Trust now owns 9,563 shares of the utilities provider’s stock valued at $651,000 after purchasing an additional 1,372 shares during the period. Finally, International Assets Investment Management LLC acquired a new position in shares of Eversource Energy in the third quarter valued at $176,214,000. 79.99% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Eversource Energy

In related news, insider Frederica M. Williams sold 3,092 shares of the stock in a transaction that occurred on Wednesday, February 19th. The shares were sold at an average price of $62.26, for a total value of $192,507.92. Following the sale, the insider now directly owns 22,671 shares in the company, valued at $1,411,496.46. This trade represents a 12.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.41% of the stock is owned by corporate insiders.

Eversource Energy Price Performance

Eversource Energy stock opened at $63.41 on Friday. The business’s 50-day simple moving average is $58.19 and its 200 day simple moving average is $62.54. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 1.71. The stock has a market cap of $23.26 billion, a price-to-earnings ratio of 27.45, a P/E/G ratio of 2.35 and a beta of 0.62. Eversource Energy has a 12-month low of $54.75 and a 12-month high of $69.01.

Eversource Energy (NYSE:ES) last issued its earnings results on Tuesday, February 11th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.00 by $0.01. Eversource Energy had a net margin of 6.82% and a return on equity of 10.99%. As a group, research analysts anticipate that Eversource Energy will post 4.75 earnings per share for the current year.

Eversource Energy Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Tuesday, March 4th will be paid a $0.7525 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.01 dividend on an annualized basis and a dividend yield of 4.75%. This is an increase from Eversource Energy’s previous quarterly dividend of $0.72. Eversource Energy’s dividend payout ratio is 123.81%.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on ES. Scotiabank lowered their price target on shares of Eversource Energy from $56.00 to $55.00 and set a “sector underperform” rating on the stock in a report on Thursday, February 13th. Guggenheim reissued a “buy” rating on shares of Eversource Energy in a research note on Monday, February 10th. Barclays decreased their price target on Eversource Energy from $72.00 to $69.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 22nd. Wells Fargo & Company reduced their price target on shares of Eversource Energy from $79.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, February 13th. Finally, Jefferies Financial Group cut their target price on shares of Eversource Energy from $52.00 to $47.00 and set an “underperform” rating for the company in a research note on Tuesday, January 28th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $67.45.

Eversource Energy Company Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.